https://www.taxtmi.com/caselaws?id=235980 Declared customs value may be assessed at an enhanced value where the importer accepts the enhancement and does not produce contemporaneous evidence supporting the declared value. A quotation that is not a proper valuation basis does not, by itself, establish the enhanced value; the importer's admission and lack of supporting material remain relevant to assessment. Penalty, confiscation and redemption fine require independent justification and do not automatically follow from acceptance of enhanced valuation. A concession on value alone is insufficient to sustain penal or confiscatory action. en-us Thu, 18 Jul 2013 00:00:00 +0530 Fri, 03 Jan 2014 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235980 Declared customs value may be assessed at an enhanced value where the importer accepts the enhancement and does not produce contemporaneous evidence supporting the declared value. A quotation that is not a proper valuation basis does not, by itself, establish the enhanced value; the importer's admission and lack of supporting material remain relevant to assessment. Penalty, confiscation and redemption fine require independent justification and do not automatically follow from acceptance of enhanced valuation. A concession on value alone is insufficient to sustain penal or confiscatory action. Case-Laws Customs Thu, 18 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235980